Absolute Capital Management LLC Has $1.04 Million Position in Uber Technologies, Inc. (NYSE:UBER)

Absolute Capital Management LLC lowered its stake in shares of Uber Technologies, Inc. (NYSE:UBER) by 12.9% during the fourth quarter, HoldingsChannel reports. The institutional investor owned 16,900 shares of the ride-sharing company’s stock after selling 2,500 shares during the quarter. Absolute Capital Management LLC’s holdings in Uber Technologies were worth $1,041,000 at the end of the most recent reporting period.

Other large investors have also added to or reduced their stakes in the company. CVA Family Office LLC acquired a new stake in Uber Technologies during the fourth quarter worth approximately $30,000. Highlander Capital Management LLC lifted its stake in Uber Technologies by 100.0% during the fourth quarter. Highlander Capital Management LLC now owns 500 shares of the ride-sharing company’s stock worth $31,000 after purchasing an additional 250 shares during the last quarter. Bfsg LLC bought a new stake in Uber Technologies during the fourth quarter worth $31,000. Blue Bell Private Wealth Management LLC lifted its stake in Uber Technologies by 49.7% during the fourth quarter. Blue Bell Private Wealth Management LLC now owns 524 shares of the ride-sharing company’s stock worth $32,000 after purchasing an additional 174 shares during the last quarter. Finally, Oliver Lagore Vanvalin Investment Group lifted its stake in Uber Technologies by 82.9% during the fourth quarter. Oliver Lagore Vanvalin Investment Group now owns 578 shares of the ride-sharing company’s stock worth $36,000 after purchasing an additional 262 shares during the last quarter. Institutional investors and hedge funds own 80.24% of the company’s stock.

Insider Transactions at Uber Technologies

In other news, insider Jill Hazelbaker sold 20,000 shares of Uber Technologies stock in a transaction dated Wednesday, February 14th. The stock was sold at an average price of $77.83, for a total value of $1,556,600.00. Following the completion of the transaction, the insider now directly owns 107,290 shares of the company’s stock, valued at approximately $8,350,380.70. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. In related news, insider Jill Hazelbaker sold 20,000 shares of the business’s stock in a transaction dated Wednesday, February 14th. The stock was sold at an average price of $77.83, for a total value of $1,556,600.00. Following the completion of the sale, the insider now directly owns 107,290 shares of the company’s stock, valued at approximately $8,350,380.70. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, insider Tony West sold 18,750 shares of the business’s stock in a transaction dated Monday, February 12th. The shares were sold at an average price of $70.08, for a total value of $1,314,000.00. Following the completion of the sale, the insider now directly owns 185,566 shares of the company’s stock, valued at $13,004,465.28. The disclosure for this sale can be found here. Corporate insiders own 3.84% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities research analysts have weighed in on the company. Jefferies Financial Group upped their target price on Uber Technologies from $95.00 to $100.00 and gave the stock a “buy” rating in a research note on Friday, April 5th. JMP Securities restated a “market outperform” rating and set a $85.00 target price on shares of Uber Technologies in a research note on Thursday, March 28th. BTIG Research upped their target price on Uber Technologies from $80.00 to $90.00 and gave the stock a “buy” rating in a research note on Thursday, February 22nd. Tigress Financial upped their target price on Uber Technologies from $72.00 to $96.00 and gave the stock a “buy” rating in a research note on Friday, April 19th. Finally, Royal Bank of Canada reiterated an “outperform” rating and issued a $85.00 price target on shares of Uber Technologies in a research note on Thursday, February 15th. Two research analysts have rated the stock with a hold rating and twenty-nine have given a buy rating to the company. According to MarketBeat, Uber Technologies has a consensus rating of “Moderate Buy” and an average target price of $78.94.

Uber Technologies Stock Performance

UBER stock opened at $69.05 on Friday. The stock has a 50-day moving average price of $76.30 and a 200-day moving average price of $64.48. Uber Technologies, Inc. has a 1-year low of $29.22 and a 1-year high of $82.14. The company has a current ratio of 1.19, a quick ratio of 1.19 and a debt-to-equity ratio of 0.79. The firm has a market cap of $143.72 billion, a PE ratio of 80.29, a price-to-earnings-growth ratio of 1.09 and a beta of 1.36.

Uber Technologies (NYSE:UBER) last posted its quarterly earnings data on Wednesday, February 7th. The ride-sharing company reported $0.66 earnings per share for the quarter, topping the consensus estimate of $0.16 by $0.50. Uber Technologies had a return on equity of 18.95% and a net margin of 5.06%. The firm had revenue of $9.94 billion during the quarter, compared to analyst estimates of $9.76 billion. During the same period last year, the company posted $0.29 EPS. The business’s quarterly revenue was up 15.4% on a year-over-year basis. As a group, equities research analysts expect that Uber Technologies, Inc. will post 1.22 earnings per share for the current year.

About Uber Technologies

Uber Technologies, Inc develops and operates proprietary technology applications in the United States, Canada, Latin America, Europe, the Middle East, Africa, and Asia excluding China and Southeast Asia. It operates through three segments: Mobility, Delivery, and Freight. The Mobility segment connects consumers with a range of transportation modalities, such as ridesharing, carsharing, micromobility, rentals, public transit, taxis, and other modalities; and offers riders in a variety of vehicle types, as well as financial partnerships products and advertising services.